My personal take is that many traders and investors alike are mistaking Fed to pivot right after they finish hiking to 5.1% ( that is if they even keep it at 5.1% and not raise it higher). Fed Chairman Powell have said multiple times that they are going to hold rates at its level until inflation fall back to 2%. If the action of pausing rate hikes is a pivot then I may be wrong. But if you look around CT or other forums, many are looking for Fed to CUT rates once they are done. And to that I said good luck.